French luxury king Bernard Arnault again pips Elon Musk as world’s richest person

Bernard Arnault, the French tycoon behind luxury giant LVMH, has dethroned Elon Musk as the world’s richest person, according to Forbes’ real-time billionaires list. Arnault’s net worth soared to $207.8 billion on Friday, fuelled by a 23.6 billion dollar surge, surpassing Musk’s $204.5 billion. Tesla, Musk’s electric car company, saw its stock plummet 13 per …

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World may have its first trillionaire in next decade if inequality worsens. Here’s a list of probables

The first trillionaire of the world may appear in the next decade, UK-based non-profit Oxfam International said in its published assessment of global inequalities this week, named ‘Inequality Inc’. According to the Oxfam report, cited by The Time Magazine, ending poverty – the target for which is 2030 under the UN Sustainable Development Goals – …

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Tesla shares tumble, causing Elon Musk’s fortune to plummet to $13.6 billion

Image Source : AP Chief Executive Officer of Tesla Motors Elon Musk Tesla Inc. recently issued a warning about potential price reductions for its electric vehicles, causing a significant decrease in Elon Musk’s wealth. On Thursday, Musk’s fortune dropped by $20.3 billion, bringing his total assets to $234.4 billion. This decline in wealth ranks as …

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